Vedanta Oil and Gas Legal & Regulatory
The Supreme Court remanded the Cairn India buyback matter to SAT for fresh adjudication. Proceedings are ongoing, and no final liability has been determined.
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The Supreme Court remanded the Cairn India buyback matter to SAT for fresh adjudication. Proceedings are ongoing, and no final liability has been determined.
The Delhi High Court dismissed the writ petition regarding the CB/OS-2 block Production Sharing Contract extension. The company has filed an appeal to challenge this judgment.
Vedanta Oil and Gas reported an enforcement petition by ONGC regarding a USD 37 million (approx. ₹355.2 Crore) arbitral award, which is already provided for in their books.
Vedanta Oil and Gas received a demand letter from the DGH for liquidated damages related to 4 OALP blocks, totaling approximately USD 35 million plus interest.